“Joining forces allows us to scale even faster. Reaching new cities, helping sell out more shows, and delivering the seamless experience fans expect,” said Dice founder and CEO Phil Hutcheon

Dice has been acquired by Fever, a live entertainment and tech platform.

According to a press statement from Fever last Thursday (5th June), the deal will allow artists, promoters and venues working with Dice to “keep using the platform exactly as they are today while also gaining access to Fever’s audience spanning over 40 countries and reaching 300 million people through its discovery platform and media”.

Just 24 hours prior to the acquisition, Fever obtained more than $100 million in equity funding from L Catterton and Point72 private investments.

The price of the Dice deal is not known, but Bloomberg reported last July that Dice were in talks to sell “a significant stake” of their business, potentially valued at “hundreds of millions of dollars”.

As Sifted reported, Dice filed a Notice of Intention to appoint administrators last Wednesday (4th June), according to court records accessed via Caseboard. 

In recent years, Dice has raised nearly $200m from the likes of SoftBank Vision Fund 2 and investment company MUSIC.

Fever has partnered with TCE Presents, Cercle Music and Last Tour, venues Clapham Grand and Brooklyn Storehouse, and festivals such as Rock in Rio Lisboa, Primavera Sound, and Pitchfork Music Festival.

In a statement, Dice founder and CEO Phil Hutcheon asserted that the company have “always put fans first”, explaining that they have found “that same ethos” in Fever. “Joining forces allows us to scale even faster. Reaching new cities, helping sell out more shows, and delivering the seamless experience fans expect.”

The founders of Fever, Ignacio Bachiller, Alexandre Perez and Francisco Hein, stated they are “strengthening our position as the leading global tech player for culture & live entertainment”.

“At Fever, we are firm believers that data and technology have the power to elevate the live music experience—making it more accessible, more personalised, and ultimately more impactful for fans, artists, and venues alike,” they said.

Earlier this year, Dice — which was set up by Hutcheon in 2014 — sold Boiler Room to festival operator Superstruct Entertainment, who have a portfolio of more than 80 major events across Europe, including Sónar and DGTL.

Superstruct’s parent company KKR is facing collective action and withdrawals from affiliated events due to its continued investment in Israeli tech and data firms, as well as reported connections to weapons manufacturers and defense contractors.